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NAREDCO Chairman Niranjan Hiranandani on Feb 13 urged Centre, state govt to support affordable housing sector. 
“We have been discussing the future of housing in the country over the last couple of years... The biggest problem we see today in housing is in the affordable housing segment. Housing grew by 10% last year and is expected to grow between 12% and 15% this year. Overall, more housing is being built and sold. But there is a challenge... For the first time in 45 years, the total number in the affordable housing segment has declined by 15-20% nationwide... There are several solutions for this. Some were tried during COVID; for example, the Maharashtra government reduced stamp duty by 50% and waived other charges, which significantly improved affordable housing. Another is the scheme of rental housing... Both the central government and state governments need to develop schemes to provide relief in this sector, either through reduced charges, stamp duty, or tax incentives...,” said Niranjan Hiranandani. 
“Today, NAREDCO will examine various ideas and thoughts on how to achieve the goal of 'Housing for All', which is the Prime Minister’s goal, the Ministry’s goal, NAREDCO’s goal, and my goal. We will work together to explore alternative solutions, and I am confident we will receive proposals that provide housing for all... It may take a couple of weeks or months to get started, but I am certain that both the Prime Minister and the Ministry will take action because we have to achieve the Prime Minister’s objective,” he added.